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Elysian founder quits after AB takeover

2015-04-14 13:48:06| Beverages - Topix.net

Elysian brewery co-founder and head brewer Dick Cantwell - widely regarded as a pioneer of the US craft brewing scene - has resigned following the company's acquisition by Anheuser Busch in January. Quitting yesterday from the Seattle brewery, Cantwell said in an email to the Washington Beer Blog that Elysian's takeover by brewing giant Anheuser Busch was the reason for his departure, as he is a "craft brewer, past, present and future."

Tags: founder takeover quits elysian

India's Satyam founder sentenced to seven years in jail in fraud case

2015-04-13 16:39:25| IT Services - Topix.net

The founder of Satyam Computer Services, once India's fourth-largest software services firm, was sentenced to seven years in prison after being found guilty in an accounting fraud case that ranks as the country's biggest. A court in the southern Indian city of Hyderabad, where Satyam was based, on Thursday pronounced Ramalinga Raju, a management graduate from Ohio University who founded Satyam in 1987, guilty of forging documents and falsifying accounts.

Tags: years case fraud founder

Indian court finds founder of Indian outsourcing giant, 9 others guilty of stealing millions

2015-04-09 10:35:37| IT Services - Topix.net

An Indian court has convicted the founder of an outsourcing giant and nine others on charges of stealing millions of dollars from the company. B. Rama Raju, his two brothers and seven other officials of Satyam Computer Services face life imprisonment.

Tags: court millions indian finds

Satyam Scam: All 10 accused including founder B Ramalinga Raju found guilty

2015-04-09 10:35:36| IT Services - Topix.net

A special court on Thursday held B Ramalinga Raju, founder of Satyam Computer Services, which was once one of India's biggest IT outsourcing companies, guilty in the country's biggest corporate accounting fraud. Nine others were also found guilty in the case.

Tags: found including founder guilty